2007 Ford Mustang news, pictures, specifications, and information

2007 Highlights

- New GT California Special Package, available everywhere, features unique front and rear fascias and GT/CS door stripes - New GT appearance package features bright rolled exhaust tips, an engine cover wîth a Pony emblem and a hood scoop - New attention-calling colors include Grabber Orange Clearcoat Metallic and Alloy Clearcoat Metallic - New auxiliary audio input jack standard on all models - Available DVD-based navigation system (late availability) - SIRIÚS satellite radio available on all models - New comfort package features an electrochromic mirror wîth compass, driver and passenger heated seats and a six-way power passenger seat

Overview For 2007, Mustang's bold American style is enhanced wîth two new appearance packages and a host of interior and equipment upgrades. Additional features include available heated front seats, a standard auxiliary audio input jack and optional SIRIÚS satellite radio. Yet another Mustang first, a DVD-based navigation system, will be available shortly after the 2007 model year launches.

Mustang is one of the greatest automotive sales success stories of all time. Nearly one out of every two sports cars sold in America is a Mustang, and Mustang remains one of the hottest-selling cars in America. It's also America's best-selling convertible.

Mustang is pure American muscle. The signature long hood and short rear deck capitalize on 40 years of history, as do classic design cues that have defined Mustangs since the 1960s: C-scoops in the sides, three-element taillamps, and a galloping horse badge in the center of the grille. The Mustang's menacing shark-like nose imparts an attitude not seen since the 1967 model, while jeweled, round headlamps in trapezoidal housings are part of its modern architecture. The car's aggressive rake gives the design visual motion, while the short overhangs and up to 18-inch wheels and tires anchor the design visually and physically to the road.

For 2007, GT models are available wîth a new GT California Special edition and the GT appearance package.

The GT appearance package features rolled exhaust tips, an engine cover wîth a Pony emblem and a hood scoop.

The GT California Special and GT appearance packages can be ordered separately or combined to give Mustang enthusiasts one of the most expressive Mustang GTs ever offered.

A comfort group package is new for 2007. Available on V6 and GT models, it includes an electrochromic mirror wîth compass, driver and front-passenger heated seats, and a six-way power passenger seat. Also new is a standard auxiliary audio input jack and available SIRIÚS satellite radio.

For V-6 buyers, the Pony Package includes a customized grille wîth GT-style round fog lamps and a chrome bezel, or 'corral,' around the traditional Mustang prancing horse. Backing up this visual upgrade is a GT-inspired suspension featuring a larger front stabilizer bar, the addition of a rear stabilizer bar and P235/55ZR17 tires on painted cast-aluminum wheels. With bright machined rims and unique tri-bar Pony center caps, these are the largest factory wheels and tires ever fitted to a V-6 Mustang.

Inside, the -first, color-configurable instrument panel offers the ultimate in personalization. Mustang owners can mix and match lighting at the touch of a button to create more than 125 color backgrounds to suit their personalities, moods, outfits or whims.

Modern touches mix wîth Mustang history and heritage. Chrome-ringed air vents are aligned vertically across the dash, precisely in line wîth the gauges, and the §teering wheel has three spokes wîth a center hub marked by the horse and tricolor bars logo, echoing the design of the 1967 Mustang.

Numerous standard features include one-touch up-down power windows, power mirrors, keyless entry and power locks, a heated rear window, interval wipers, air conditioning, speed control and a CD player.

Powertrain and Chassis

Muscular engines infuse Mustang wîth tire-smoking performance. The 4.6-liter, aluminum V-8 has three valve heads and cranks out 300 horsepower. That's more than 50 percent more power than the small-block, 289-cubic-inch V-8 found in the classic 1964 model.

Both engines are paired wîth a standard five-speed manual or an available five-speed automatic, which provides a unique combination of off-the-line jump and good highway fuel economy.

At the front suspension, MacPherson struts wîth reverse 'L' lower control arms deliver comfort. The three-link rear suspension has a lightweight, tubular Panhard rod that provides precise control of the rear axle. This technology stabilizes the rear axle as the wheels move, particularly during hard cornering.

The standard four-wheel disc brakes have the biggest rotors and stiffest calipers ever fitted to a mainstream Mustang. Twin-piston aluminum calipers clamp down on 12.4-inch ventilated front brake discs on GT models. In the rear, the brake rotors are 11.8 inches in diameter.

A four-channel anti-lock brake system (ABS) wîth traction control is standard on GT models and available on V-6 models. It uses electronic sensors to constantly monitor road conditions and feed the information to a dedicated control computer that's capable of determining within milliseconds whether the vehicle is on dry pavement or negotiating a slippery surface. When traction control isn't desired, drivers can deactivate the system wîth a button on the instrument panel.

Ford's Personal Safety System®, a comprehensive safety technology package, is standard. The system provides increased protection in frontal crashes by analyzing crash factors and determining the proper response within milliseconds. It uses dual-stage driver and front-passenger air bags — capable of deploying at full or partial power — safety belt pretensioners and energy management retractors.

Standard right front passenger sensing builds on the strength of the Personal Safety System ® to tailor deployment of the front-passenger air bag. If the passenger seat sensor detects no or very little weight, as for a briefcase, the passenger air bag is automatically switched off. If more weight is on the seat, as for a small child, the air bag remains deactivated and an instrument panel light alerts the driver. If a heavier adult is in the passenger seat, the air bag automatically switches on.

An optional active anti-theft package offers customers an added level of security. It includes a sensing module to guard against tow-away thefts, an interior motion sensor to detect smash-and-grab break-ins, a separate alarm sounder — in addition to the vehicle horn — to thwart thieves trying to disable the horn, and a high-capacity, 60-ampere-hour battery that sounds the alarm longer.

The Mustang was introduced at the 1965 New York World's Fair, Mustang Mania instantly swept the country, and a new automotive market §egmènt was created - the 2+2 or better known as the 'ponycar.' Though its mechanical underpinnings descended from the Falcon, the Mustang was completely different. It was a compact, tight, clean package weighing in at a modest 2,550 pounds - a departure from the ever-enlarging American cars of the day. The classic long-hood short-rear-deck combined wîth a forward-leaning grille, elegant blade bumpers, sculptured body sides, fully exposed wheel openings and restrained use of bright trim gave the car a unique look that belied its affordability. Its looks were backed up wîth power, providing three optional V8 engines wîth up to 271 horsepower. Other options included automatic transmission, power §teering and brakes, styled chrome wheels and air conditioning. Not surprisingly, the entry-level modes were a minority of the production.

To say that the first Mustang was a success is an understatement. Following the introduction, the Mustang was on the cover of both Time and Newsweek. A week before introduction, Ford ran ads wîth the air times for the first television commercials, which all three networks broadcasted simultaneously. Mustang was selected as the Official Pace Car for the 1964 Indianapolis 500, and more than 22,000 orders were taken the first day. By its first anniversary, over 418,000 Mustangs had been sold, breaking the all-time record for first year sales of a new nameplate.

The original platform was used, wîth numerous modifications, up to 1973. The Pinto-based Mustang II was built from 1974 until 1978. A new fox body platform began in 1979 and was largely unchanged through 1993. In 1994 the SN-95, a modified version of the Fox body, debuted and was produced until 2004. The 2005 Mustang is built on the first entirely new platform in 25 years.

1964 1/2 - 1973 The Growing Years - In More Ways Than One.Úntil 1967, Mustang had this new market all to itself. For 1965 a new 2+2 Fastback model added as was the GT Equipment Group. Both performance and aesthetically minded, this group included front disk brakes; grille-mounted fog lights, 5-gauge instrumentation, GT stripes and badges and special dual 'trumpet' exhaust outlets. 1966 brought a huge shot in the arm to the ponycar moniker - the first Shelby GT 350. Built on the 2+2 Fastback by famed racer/car builder Carroll Shelby, these cars featured race-tuned engines and suspensions. By mid-1966, Mustang passed the one-million sales mark.

On the track, the Mustang name was quickly establishing itself in many motorsports arenas. In 1965, Mustang assumed the role as Ford's rally car. Carroll Shelby, famed builder of the Cobra, created race-ready cars for SCCA's production class B competition against the likes of Chevrolet's Corvette and the Jaguar E-Type. Shelby's goal was accomplished when the GT 350 took the B-Production Championship from Corvette. Shelby Mustangs were also successful in the world of drag racing. Ford campaigned several highly modified A/FX altered Mustangs equipped wîth 427 'Cammer' motors in National Hot Rod Association drag racing events. 1966 brought the creation of the SCCA Trans Am professional racing series for V-8 sedans of 305 cubic inches or less. Mustang took the Trans Am Manufacturers' Cup in 1966. The Shelby GT 350 repeated the previous year's success as B-Production Champion.

With the introduction of Chevy's Camaro, Pontiac's Firebird, and Ford's sister division 2+2, the Mercury Cougar, the rest of the both brought serious competition to the Mustang and further legitimized the 2+2 'ponycar' market. Ford foresaw the coming competition, and designed the 1967 Mustang to accommodate its 390 cubic-inch V8. In addition to the mechanical changes, the Mustang was restyled inside and out. This began the era of the growing Mustang, as it gained a couple inches in length and width nearly every year until 1973. A GT 350 H was introduced, a special edition made specifically for Hertz Rent-A-Car outlets. Stories of 'Rent-A-Racers' being returned wîth telltale signs of racing use are still told today. The options list grew as well, and Ford's largest engine quickly went from the 390 to the 428 Cobra Jet. Shelby also upped the ante wîth the GT 500 in 1967 and the GT 500 KR ('King of the Road') in 1968. The GT 350 also continued on. In racing, despite new competition from the Camaro, Plymouth Barracuda, and Mercury Cougar, Mustang again won the Trans Am Manufacturers' Cup. Capping the year, Shelby's GT 350 once again took the SCCA B-Production crown. Perhaps the most famous Mustang of the time was the 1968 Highland Green 390 Mustang fastback driven by Steve McQueen in the movie Bullitt. Many still consider the final chase scene to be the best ever filmed.

The car again grew larger and heavier in 1969, and the grille sprouted four headlights. Also introduced in 1969, the Boss 302 - brain child of former GM designer Larry Shinoda - was a special version of Ford's 302 cubic-inch engine wîth larger canted valve heads for better efficiency and more power. The rarest Mustang by far was the Boss 429, built for the sole purpose of qualifying the new 'Semi-Hemi' engine for NASCAR racing. Only 857 Boss 429 Mustangs were built. More competition arrived in 1970 wîth the Dodge Challenger and a redesigned Plymouth Barracuda. The Boss 429 was discontinued after only 499 copies were made. 1970 also marked the end of the GT 350 and GT 500.

1970 would be Ford's last year for factory-sponsored racing until the 1980s. The Trans Am series boasted the most competitive field ever in both the driving talent and the cars. Ford's Boss 302 team, led by Parnelli Jones and George Follmer, took on AMC's Mark Donahue, Camaro driver Jim Hall, Pontiac's Jerry Titus, Dan Gurney's All American Racers and their Plymouth Barracuda, Sam Posey in the all-new Dodge Challenger. The competition was fierce and well matched throughout the series. In the end, the Mustang team was triumphant allowing Ford to go out on top.

By 1971, the car had become nearly 8 inches longer and 6 inches wider than the original 1965 model. Mustang was now a full-fledged muscle car, moving beyond the 2+2 market niche it created. The Grande and Mach 1 returned, however, the Boss 302 was replaced by the Boss 351. Engine choices ranged from six cylinder economy to the mighty 429 Super Cobra Jet V-8. Many forces converged by 1973 that signaled a change from the fast-and-furious start of the 2+2. Soaring gas and insurance costs and the addition of emissions and safety equipment brought the muscle car era to an end, and Ford began positioning the Mustang as a luxury car. The end of 1973 would begin a hiatus for both the V-8 engine and the convertible.

1974 - 1978 A Mustang Trapped in a Pinto's Body.

Lee Iacocca, then president of Ford and instrumental in the design of the first Mustang, had long been unhappy wîth Mustang's direction. The car got progressively bigger and sales dipped. Any questions about returning to a smaller Mustang were answered by the first OPEC oil embargo in 1973, which spurred an immediate run on fuel-efficient cars. The Mustang II was introduced mid year in 1973 as a 1974 model. Built on the Pinto platform, the Mustang II was substantially smaller than the prior model and even smaller than the original. Rack and pinion §teering and front disk brakes were made standard. Engine choices were limited to a 2.3 liter four cylinder and a 2.8 V-6. This would be the first year for a four and the only year without an available V-8. The coup and fastback would soldier on without the convertible - which would not return for twelve years. The Mach 1 continued on, but had dropped from nearly 7 robust lines (429 cubic inches) to 2.8 liters and 105 horsepower. The formula seemed to work, however - Mustang II got over 20 MPG and sold 385,000 for the model year.

1975 brought the return of the 302 (5.0 Liter) V-8 however at only 122 horsepower. Other than increasing this to 139 horsepower in the Cobra II, most changes through 1978 were limited to trim and option packages. After its initial year, sales remained consistent at around 150,000 to 190,000 and earned the marque a new lease on life.

1979-1993 The Speed of a Horse wîth the Smarts of a Fox.

Based on the Ford Fairmont, the 'Fox' body would be the longest running platform in Mustang history. As an example, the doors of a 1979 can be interchanged wîth those of a 1993. The Fox body also brought modern design and a renewed commitment to performance. A 2.3 Liter four cylinder was again standard wîth upgrades of a turbocharged four, 2.8 Liter V6 and 5.0 Liter V8. Mustang paced the 1979 Indianapolis 500 and nearly 370,000 units were sold.

1981 saw the addition of the T-Roof Convertible and 1982 brought the return of the GT wîth a revised 5.0 High-Output V-8 rated at 157 horsepower. Ford's resurgent racing program blasted out of the gates wîth International MotorSports Association (IMSA) GT racing, where the turbocharged Miller Mustang, driven by Klaus Ludwig, came within a 10th of a second of winning its first race over the dominant Porsche 935 Turbos. Ludwig was only getting started. He handed the vaunted Porsches defeat wîth back-to-back victories at Brainerd and Sears Point. Elsewhere, Tom Gloy put a Mustang in the Trans-Am winner's circle for the first time in a decade when he won the 1981 season finale at Sears Point. In SCCA road racing, Mustang became the first domestic car ever to win the Showroom Stock national championship when Ron Smaldone drove his turbo Mustang to victory at Road Atlanta.

The big news for 1983 was the mid-year introduction of the first true Mustang convertible in a decade, which accounted for 20,000 sales in the short 6 month season. On the performance front, the 5.0 V8 bumped up to 205 horsepower. For Mustang's 20th Anniversary, in 1984, Ford offered the most interesting line up in years. The GT was back in hatchback and convertible, and a new European-inspired Mustang SVO debuted. Developed by the Special Vehicle Operations department, the limited edition model was powered by a fuel injected intercooled 175 horsepower four cylinder engine. The SVO also featured unique exterior appointments, an upgraded interior, and was also the most expensive model.

By 1984, Ford had staked out the IMSA GTO series as Mustang turf. Jack Roush, the Carroll Shelby of the eighties, came on the scene wîth hot racers. A Roush-prepared Mustang won the GTO class in the three-hour IMSA 1984 season finale at Daytona. It was the beginning of Mustangs reign as the king of GTO. The following February, Mustang won the GTO classes at Daytona 24 Hours - the first of three consecutive victories in the season-opening marathon.

Mustang received a facelift for 1985, and horsepower continued to climb. The 5.0 H.O V-8 was increased to 210, and the SVO squeezed 205 horsepower out of a 2.3 liter engine. This would be the rarest SVO model as only 1,954 were built. The V-8 switched to fuel injection in 1986, the year that restyling of both the interior and exterior, and a bump in the GT horsepower to 255. The Roush Mustangs carried on the winning tradition in 1986 wîth eight more GTO wins and another manufacturers' title. In drag racing, Rickie Smith drove his Motorcraft Mustangs to the semifinals or better at all 11 races on the International Hot Rod Association schedule, and took the IHRA Pro Stock world championship.

1998 was a pivotal year in Mustang history. Ford planned to change the Mustang to a front wheel drive derivative of the Mazda MX-6. An uprising in the Mustang enthusiast community ensued, as did some pointed questions from the automotive press. Thousands of letters decrying the idea of a 'Maztang' or 'Musda' beseiged Ford's product planners and the new car went on to be the Probe. Ford scrapped the idea at the last minute, cementing the Mustang heritage for the future. The decision however locked in the Fox platform for the next five years.

From 1989 to 1992 changes were limited to wheel and tire combinations and the introduction of 'Special Edition' models in non-standard colors. 1993 would be the final year of the original Fox body Mustang. Ford re-introduced the Cobra, rated at 235 horsepower and distinguished by unique front and rear bodywork. 107 Cobra R models were built which included track tuned suspension and deleted the rear seat, radio, fog lights and other components to reduce weight.

1994-2004 Refining the Breed.

Mustang celebrated its 30th Anniversary wîth an all new body and interior for 1994, calling on design cues from the Mustang's first decade. The 2.3 liter four was retired and the 3.8 V-6 became the base engine. The GT retained the 5.0 V-8 and the SVT Cobra returned, now wîth 240 horsepower. The Mustang Cobra served as pace car for the 1994 Indianapolis 500 and a limited series of the Rio Red pace car replicas were sold.

Mustang was an immediate hit and remained unchanged while Ford continued to fill orders. Another Cobra R was released, this time wîth a 300 horsepower 351 cubic inch (5.4 liter) V-8 and Tremec 5 speed manual transmission The R model was sold nearly race-ready wîth a revised suspension and fuel cell. The rear seat, radio, air-conditioning, power windows and seats were deleted to save weight. Only 250 units were built which became instant collector's items.

In 1989 the Trans-Am series was again attractive to American muscle, though the cars only look like a Mustang - the underpinnings were that of a purpose-built race chassis built to modern motorsports standards. ( posted on conceptcarz.com) The Mustang dominated in 1995, 1996, 1997 and again in 1999. Ironically, the 1999 driver, who had switched to a Jaguar, kept the classic Ford pushrod V-8 underfoot and kept winning.

1996 ushered in Ford's long-anticipated modular engine program, which saw replacement of the venerable 5.0 wîth a 4.6 liter overhead cam V8 wîth 225 horsepower on tap. The Cobra utilized a dual overhead cam aluminum block version rated at 305 horsepower. A limited edition 'Mystic Cobra' was built wîth color shifting paint that changed from black to green to purple to gold as the light hit the car. The paint alone cost about $2,000.00 per car. The Mustang carried over basically unchanged from 1997 and 1998.

Mustang's 35th year was marked wîth a new sharp-edged body. The base V-6 was now rated at 195 horsepower (more than the original 5.0 H.O. of 1982). The GTs 4.6 was upgraded to 260 horsepower, while the dual cam Cobra was now pumping out 320. One of the benefits of the redesign was the inclusion of a fully independent rear suspension on the Cobra, the first for a production model. The Pittsburgh Vintage Grand Prix marked the occasion by making Mustang the spotlight car of the America car show.

For 2000, the only Cobra for the year was a new R model. Wilder than any previous Mustang, the R featured a dual overhead cam 5.4 liter monster rated at 385 horsepower. A six-speed gearbox and 18-inch wheels and tires moved the power to the ground. Outside, the R was immediately recognizable by its domed hood, front air dam and rear wing spoiler. Only 300 Cobra Rs were built. The remaining Mustangs carried over from the prior year.

SVT was back wîth a new Cobra in the spring of 2002. Once again SVT topped their previous efforts wîth a supercharged dual cam 4.6 that Ford rated at 390 horsepower. Testers found this number to be greatly understated, as the actual output was closer to 425. The Cobra models also carried a SVT 10th anniversary badge.

The Mach 1 returned as a special edition for 2003 for the first time since 1978, and featured a functional ram air 'shaker' hood scoop and a modern interpretation of the Magnum 500 wheels used on the original 1969 models. The GT and base models continued unchanged.

2005 A new beginning wîth a nod to the past.

Built on its own platform which borrows slightly from the Lincoln LS, the body shape combines styling cues from some of the most memorable Mustangs of the past. From the front, 1967-1969 Mustangs come to mind. The side quarter windows recall the 1966 Shelby GT 350 and the rear retains the tri-part tail lights and faux gas filler which was a Mustang trademark from 1964-1/2 to 1973. On the performance side, the GT now comes wîth a three valve per cylinder 4.6 wîth 300 horsepower. The base motor is now a 4.0 rated at 210 horsepower. Ford has previewed the 2007 Shelby Cobra GT 500 which is slated for late 2006. As shown, the GT 500 includes a supercharged 5.4 liter engine rated at 450 horsepower making it the most powerful Mustang ever built.41 years have passed since April 17, 1964. As in the beginning, Mustang stands alone having outlived all of the challengers created in its wake, and have revolutionized an entire §egmènt of the American automotive market. Its fans can expect many more happy years for the original ponycar.

Source - PVGP

A 'pillar of American automotive lore', the Mustang is the vehicle the brought sporting dash and styling at a price that almost everyone could afford. Always extraordinarily attractive, the Mustang has been capturing the hearts of drivers for nearly 40 years. Introducing a whole new breed of automobile, the pony car, Ford wasn't content to stand on the sidelines while others jumped ahead. Rather than improving their lackluster intermediate, they designed a small sports car that would be 'the next hot item in the street wars'. Designed originally as a two-seater in the European tradition, the Mustang came with an obligatory back seat and a variety of options that came the buyer an opportunity to customize their purchase. The only class of muscle cars that still exists today, the pony car class originated by Mustang has continued to dominate.

With a long and VERY lucrative background, the Ford Mustang has a history like no other vehicle. There has been a longstanding bit of rivalry between the Ford Motor Company and the Chevy division from GM, since both companies operated on the same market. Ford introduced the Falcon in response to Chevy's release of the Corvair, and fortunately sold much better, similar to what the Thunderbird did to the Corvette in the 1950's.Chevy's next move was to introduce the Corvair Monza, a sporty, compact vehicle that the public loved. To combat this new threat, Ford had to produce a brand new vehicle with not only a sporty image, but sporty actions that would attract the younger generation. Called the 'Pony Car', the Mustang was unveiled to the public on April 13, 1964 and was advertised as 'the car to be designed by you'. Knowing that baby boomers would be ruling the 1960's, and that they would want a car as vastly different from their parents' as possible, Ford designed a production vehicle that would wow this generation. Except for the Corvette, compared to every other American car then in production, the Mustang was stunning and gorgeously sleek. Wanting it to be an affordable vehicle, much of the Mustang's engineering would be shared with an existing Ford product. The young vice president at Ford, Lee Iacocca is responsible for this iconic legend. Requests were made to him to bring back the two-seater Thunderbird, and in 1962 he built the Mustang I-prototype; which was a V4 two-seater. What was introduced in 1963 ended up being a four-seater that was met with overwhelming acclaim and the vehicle was taken into production. A variety of the Mustang's components, including the drivetrain, were 'borrowed' from the Falcon to reduce the cost of production. The Ford Mustang was launched at the World Exhibition of NY in the spring of 1964.

During its development, the Ford Mustang was extensively advertised to attract the maximum amount of appeal before it actually hit the streets. Ford ran simultaneous commercials on all three major television networks in 1964 and the response was overwhelming. The Mustang was the hot new thing, and everyone wanted their own. The standard Mustang cost around $2,400, and more than 22,000 Mustang's were sold on the first day. 100,000 Mustangs were sold in the first four months, 418,000 in the first year, and the 1,000,000th Mustang was sold in 1966.

Available in only two models originally, the 1964 ½ as it was dubbed, came as either a coupe or a convertible. Both of these models showcased a lengthened hood, a shortened rear deck, chrome grille with a running horse, full wheel covers and chrome wrap-around bumpers. A characteristic standard on the Mustang for years was the three taillights on both sides. The interior of the Mustang was just as sporty as the exterior, with two seats in the front and a tiny backseat.

The 1965 Mustang debuted as a simple sports vehicle powered by a 170 cid six cylinder and a pair of V8's. The name Mustang was taken from a fighter plane, the P-51 Mustang. The horse motif quickly became the emblem for the mustang as preliminary allusions were made to the horse. Ford was enjoying its high volume sales and visibility, while buyers loved its low price, short trunk styling, long hood and variety of options. Halfway through 1964 Ford introduced the sporty 2+2 fastback body style that joined the hardtop coupe and convertible.

For the 1965 model year, the Fastback model was introduced and in April of this same year, the GT model was unveiled. For this year alone, over 500,000 Mustangs were produced.

Only minor cosmetic updates were made in 1966, while the choice of available interior colors and styles were increased to 34 variety options. To further separate the Mustang from its Falcon roots, the gauge cluster was redone, and the 260 cid V8 was replaced with 2 and 4 barrel version of the 289 cid V8. From 1965 through March 1rst 1966 the Shelby GT-350 Mustang dominated on the racing track. The Shelby was available in 4 different colors and received automatic transmission. Unique examples were prepared for Hertz Rent a Car for rental to weekend drag racers. Through 1968 a Paxton supercharger; which boosted horsepower as much as 40%, was available on the GT-350.

The following year the 1967 Mustang received a larger grille and simulated air-scoops. This year's version was a much more aggressive model that featured much more accurate to the available engines. Much bulkier sheetmetal below the beltline was added, along with a concave tail panel along with a full fastback roofline for the fastback body style. A big block 390 was introduced by Ford to compete with the all new Chevy Camaro SS396. The 390 was slightly detuned, but its popularity sealed the end of the 289 cid engine, which was dropped from the lineup. The GT/CS California Special was introduced in 1968 and received a new dashboard with two large meters, and three little ones. The GT350 continued to be powered by a modified 289 V8, though output dropped to 290bhp. The brand new GT500 was powered by a reworked 428V8. Featuring plenty of luxury options, the 1967 Shelby's were considered to be 'much more civilized', and appealed greatly to buyers. These were the final Shelby Mustangs actually built by Shelby-American, all future models would be built by Ford with little involvement by Shelby.

For the 1968 model year, the Mustang received side trim, a much simpler grille and a limited number of 427 engines. These engines cranked out 390bhp, though they were slightly detuned, they had amazing street popularity. The 428 Cobra Jet engine was introduced on April 1, 1968. Based on the regular 428, the Cobra Jet included larger valve heads, an oil-pan windage tray and the race 427's intake manifold. The output was listed at 335bhp and it featured ram-air induction and breathed through a functional hood scoop. Shelby's remained in the lineup and were joined by an available convertible model that was renamed the Shelby Cobra. The GT350 received a 302 cid 250 bhp engine in place of its 289 cid 306 bhp engine. The GT-500 was deleted and replaced by the GT-500KR ('King of the Road') halfway through the year. This new model came with the new Ram Air 428 Cobra Jet, still underrated at 335 bhp. A total of 249,447 2D Hardtop models were produced this year, 42,581 fastback models, and 25,376 convertibles.

The 1969 Mustang was much larger, longer by nearly 4 inches, and much heavier. A running horse, similar to the one of the front fenders of the first generation appeared in place of the corral, and new inner headlights were introduced. New models introduced this year were the Grande, the Mach 1, the Boss 429 and the Boss 302. The Grande model was based solely on the hardtop coupe and was a luxurious model both inside and out. The Mach 1 was a vehicle with its racing side accentuated, while the Mach 1 featured a plus interior, air scoops, a tough Windsor engine, a matblack hood and heavy striping. Arriving standard with a 351 cid V8, the Mach 1 could also be had with the 428 Cobra Jet, which now came in three states of tune, the first being a non-Ram Air version, the second was the Ram-Air version and the and the Super Cobra Jet which came with the Drag Pack option.

The Boss Mustangs were named after stylist Larry Shinoda's nickname for Ford president Semon 'Bunkie' Knudson. The Boss 302 Mustang was an exclusive model that was introduced to give Ford an opportunity to use the vehicle on the Trans-Am races. Before Ford was allowed to run the Boss 302 on the racing circuit, Ford had to sell a thousand vehicles to the public, according to the Trans-Am regulations. The Boss 302 was Ford's response to Chevy's Camaro Z/28 in Trans Am racing. The Boss 429 package came complete with a race ready 429 cid V8 with ram air induction, an aluminum high riser and header type exhaust manifolds. Unfortunately, the Boss 429s were a complete disappointment on the streets where their dependence on high revs hurt their street starts, and the original batch had incorrect valve springs that would stop winding at 4500rpm rather than 6000rpm. They did featured good handling, and the Boss 429 lasted through 1970. A total of 72,458 Mach 1's were produced this year, along with 14,746 convertibles, 22,182 Grande Hardtop Coupes, 1,934 Boss 302's and 858 of the Boss 429.

For the 1970 model year, the Boss 302 and 429 continued on, while the 428 Cobra Jet remained as the top engine choice for the Mach 1 Mustang. The 429 Cobra Jet was new for 1970 and standard in the Boss 429. The Super Cobra Jet was rated for 375 bhp while the 429 Cobra Jet was rated at 370 bhp. 1970 was the final year for the Shelby Cobra's. A total of 40,970 Mach 1's were produced, 7,643 convertibles, 13,581 Grande Hardtop Coupes, 6,318 Boss 302's and 498 Boss 429s.

For the 1970 Mustang, Ford went back to just two headlights, replacing the outboard lights with attractive scoops that fed nothing at all. The phony side scoops were also deleted on all models. The 351 V8's were now produced at Ford's Cleveland plant rather than the Windsor, Ontario facility and were of a slightly different design. Sales for the 1970 model year dipped to 190,727 Mustangs.

The 1971 Mustang was extended by 2.1 inches of length, 2.8 inches of width, a 100lbs were added and an additional inch of wheelbase was added. Ford's decade of 'Total Performance' was reaching its end. Taken off of the lineup this year was the Shelby models, the Boss 302 and the Boss 429 models. The remaining engine choices were not great, as the 351 engine was detuned from 300 bhp to 285 bhp while the 429 Cobra Jet dropped 5 bhp down to 370 bhp.

The Mach 1 Mustang and the all-new Boss 351 model was dominated the performance end for Mustang in 1970. The Mach 1 featured the 351 Cleveland V8 as its standard engine and it came with 285bhp though a 330bhp version was also available. The top power choice was the 429 Super Cobra Jet Ram Air, while the 429 Cobra Jet sported 370bhp. The 429 Super Cobra Jet Ram Air had 11.3:1 compression and had 375bhp. This would the Boss 351's only season as Ford's performance was continuously declining. The 351 weighed less, and featured a race bred 351 engine that had a radical solid-lifter cam, 11.0:1 compression, ram-air induction. It also came with a Hurst four-speed transmission and 3.91:1 Traction-Lok differential. Only 149,678 Mustangs were sold in 1971, 41,049 less than the previous year.

1972 led to all power ratings being listed in net ratings which included all accessories. The end of Ford Mustang performance, this led to some drastic drops in power listings, which included the drop of all big block options. The Mach 1 ended up being the only model with any performance, as the Boss 351 was dropped. A total of 27,675 Mach 1's were produced, and 6,401 convertibles. The top engine option for 1972 was a 275bhp 351 Cleveland.

For 1973 emission controls were only tightened more, and all engine choices' power ratings were dropped. Mandatory bumpers that could withstand a 5mph collision were the result of new federal guidelines. These bumpers did not do much to improve the look of the Mustang. Producing just 156bhp, the top engine was a 351 V8. Sales picked up for 1973 and a total of 134,867 Mustangs were sold, Ford realized that it was time to rethink the Mustang.

The fifth generation of the Ford Mustang was introduced in 1974. Unfortunately the Mustang II was considered by many to be too small, underpowered, feature poor handling, but surprisingly, it sold very well. Baby boomers were turning to smaller imported cars, and emissions regulations made the high-compression, high-horsepower V8's rather unstable. Ford decided to make the Mustang a smaller, more fuel-efficient car to keep up with the market.

The 1974 Mustang II was unveiled without the Falcon components that had been a standard from day one. The all-new Mustang was placed atop the basic structure and suspension of its subcompact Pinto. Still a unibody design, the Pinto was smaller than the Falcon, but basically similar, and the front suspension was still a double wishbone design while the rear suspension was still bolted to its solid rear axle to a pair of leaf springs. The chassis of the Pinto did have a rack-and-pinion steering gear instead of the Falcon's re-circulating ball, and the front disc brakes were standard.

With an overall length of only 175 inches, the Mustang II rode on a very small 96.2 inch wheelbase and weighed about 400 lbs less than the previous years version. Though a smaller size, the Mustang II actually featured traditional Mustang styling features like the scalloped sides, the running horses in the grille and the three-piece taillights. The Mustang II was available as either a fastback hatchback or a notchback coupe. Prices ranged from $3,134 for the base coupe and $3,674 for a Mach 1 hatchback.

The 1974 Mustang II was the first Mustang to ever be offered with a four-cylinder engine and without a V8. Rated at a lowly 88 horsepower, the base engine was a single-overhead cam four that displaced 2.3 liters. The German-built 'Cologne' 2.8 liter OHV V6 was the only optional engine and it only produced a disappointing 105 horsepower. The first Mustang II was considered to be very underpowered. The standard four-speed manual or a three-speed automatic were the only two transmissions available.

For this year, a 'Ghia' notchback and Mach 1 fastback were made available. The Ghia featured a vinyl top and special interior trim that was 'fancy'. The Mach 1 came with the V6. Despite being an unpopular vehicle today, this more economical Mustang II was sold an amazingly 385,993 units for 1974.

For 1975 the V8 was returned to the Mustang lineup. Achieving 122 horsepower, the 5.0-liter V8 had only a two-barrel carb and exhaled through a cataylic converter. The automatic transmission was the only transmission available behind the V8. A new 'MPG' coupe was added to the 1975 model lineup. Unfortunately the Mustang II wasn't as popular as its predecessors and production dipped to 188,586.

The following year not many changes were made, and all the variations from the 1975 model year followed along with the addition of a new 'Stallion' appearance package that was available on the fastback. The Cobra II package was also introduced this year and added a large rear spoiler, a fake hood scoop and blue stripes across white paint to a V8-powered fastback. It looked impressive, though the Cobra II wasn't any faster than other similarly powered Mustang IIs. Also new this year was the now 134-horsepower V8 made available with a four-speed manual transmission, with an output of the standard four surging to 92 horsepower while the V6's rating jumped to 102 horsepower. Sales for 1976 peaked at 187,567 units.

The 1977 Mustang II was only featured minor trim changes from the previous year. The Cobra II did receive a variety of new colors available. The options list now included T-top removable glass roof panels and simulated wire wheel covers. The V6 power dropped to 93 hp, and the four down to 89hp. Production was dropped down to 153,117 units for 1977.

The extreme 'King Cobra' version was introduced in 1978 and featured some snazzy graphics along with a hood scoop turned backward. The only changes for the Mustang II for this year were minor updates to the trim. Production for 1978 surprisingly peaked at 192,410 units.

The sixth generation of the Ford Mustang was unveiled in 1979 and was built atop the shortened chassis of the Ford Fairmont 'Fox' body that had been introduced the year before. The Pinto parts were replaced with the unibody structure of the Fox platform, but that's where the similarities ended. A modified MacPherson strut system was the new front suspension that mounted a spring separate from the strut itself, while a new link and coil spring rear suspension held up the back of the car. This basic suspension system would remain in use on the Ford Mustang until the 2003 mode lyear.

The 1979 Mustang could be purchased as a coupe or a fastback hatchback. Measuring at 179.1 inches, the new Mustang rode on a 100.4-inch wheelbase. This model featured much more room than previous Mustangs due to a more upright-oriented cockpit and flatter doors that allowed for more shoulder and hip room. Not really recognizable as previous models, the new Mustang was attractive, angular and handsome. Four square headlights appeared, but no running horse in the shovel nose grille, and the sides also no longer featured the signature side scallop. The taillights were also divided into six segments instead of three.

The same three engines from the 1978 Mustang II could be found on the 1979 model. Rated at 88 hp was the 2.3-liter SOHC, the 4.9-liter V8 achieved 140 horsepower, while the 2.8-liter Cologne V6 made 109 HP. New this year was a turbocharged version of the four that was capable of 140 hp, but unfortunately this version had epic boost lag and very bad reliability. The previous 200-cubic-inch; 3.3-liter OHV straight six was reintroduced and achieved 94 hp. Three-speed automatic was optional, while four-speed manual transmissions were standard behind all engines.

1979 was a very popular year for the Mustang! Around 369,936 models were built this year and the most desirable of all models this year ended up being the 6,000 Indy pace car replica fastbacks. This model came with a unique hood scoop, a snazzy rear spoiler, a unique front air dam, Recaro front seats and black and silver paint with orange graphics. This car could be purchased with either turbo four or V8 power that came with the TRX wheel and tire package. A 'Cobra' package was available on the hatchback and featured a fake hood scoop, though no pillars and the Gria trim returned to the coupe.

Though very few visual changes were made for the 1980 model year for the Mustang, several options were changed that affected this years lineup that made this year a bad year for Mustang. The 2.8-liter V6 and the 5.0-liter V8 were both deleted from the line, while the only six available was the pathetic 3.3-liter straight six. The only V8 was a new version of Ford's small-block that displaced 255 cubic inches, and could only shrug out 119 hp. This was considered to be the worst V8 engine ever offered in a Mustang. The Turbo four became the most powerful engine available in 1980.

The 1980 Cobra package included all of the spoilers and scoops used on the previous year's pace car, along with a gaudy oversized cobra hood decal. A total of 271,322 units were sold.

In 1981 a five-speed manual transmission finally became available for the Ford Mustang as an option behind the regular and turbocharged fours. The T-Top roof returned to the options list for the Mustang this year. Sale dipped down to 182,552 vehicles.

Finally in 1982 things started to improve for the Ford Mustang. A new 'High Output' version of the 5.0-liter V8 was unveiled and could achieve an impressive 157 hp with 2-barrel carburetion in a revived Mustang GT hatchback. The 1982 Mustang GT was backed be a four-speed manual transmission. Three progressively more luxurious series were introduced also this year, the L, GL and GLX. For a brief time, the turbo four was deleted, while the base four, iron lump straight six and the 4.2-liter V8 all continued on through 1982. A 'Special Service Package' notchback coupe was introduced (though not sold to the public) and was equipped with the Mustang GT's 157-horsepower V8 and four-speed transmission. This was a pursuit vehicle for the California Highway Patrol, and the CHP purchased 400 of these vehicles. These models continued in production until 1993 when Ford ended production.

In 1983 an all-new grille with Ford's Blue Oval logo placed at its center. The Mustang convertible returned to the lineup in the form of a conversion performed by ASC, Inc. on coupe bodies. This convertible was available in either GLX or GT trim and came with power operation, rear-quarter windows that rolled down and a real glass rear window.

Also in this year, the Mustang drivetrain was revamped. The straight six the 4.2 liter V8 were completely deleted while an updated version of the turbocharged 2.3-liter SOHC four was reintroduced to the lineup, this time with electronic fuel injection that improved the turbo lag and increased engine longevity. The 5.0-liter HO V8 now came with a four-barrel carburetor and was rated at 175 hp. The V8 engine was now available with the fabulous Borg-Warner T5 five-speed manual transmission. The six-cylinder option was the new 'Essex' 3.8-liter V6 that achieved 112 horsepower. Despite all of these modifications, 1983 wasn't the greatest year for the Ford Mustang, and only a total of 120,873 Mustangs were sold, and this included 23,428 convertibles.

Not too many changes were made for the 1984 model year, as most was a carryover. With 165 hp, a fuel-injected version of the HO V8 was available with the automatic transmission. Back for one final year, the turbo four was now rated at 145 horsepower in the Mustang GT. The suspension tuning was revised a bit, and halfway through the 1984 model year, Ford introduced a GT-350 20th anniversary package for convertibles and hatchbacks.

The big news for this year was introduction of the sophisticated SVO Mustang. Showcasing a very unique look, the SVO didn't have a grille on its front end and it featured single square headlamps. Powered by an inter-cooled version of the turbocharged 2.3-liter four, it was rated at a very impressive175 hp. The SVO was equipped nicely and featured 16-inch wheels on five-lug hubs with four-wheel disc brakes. Unfortunately it was priced very high at $15,596 and it was no match in speed to the V8-powered Mustang GT. Sales were not impressive.

In 1985 an all-new grille design was introduced and it featured a single large slit between the two pairs of headlights. The Mustang GT received a new set of 15-inch cast-aluminum wheels with P225/60VR15 Goodyear Eagle 'Gatorback' tires. The 5.0 HO engine now could achieve 210 hp in four-barrel carbureted form. The turbocharged four was taken off the Mustang GT options list, meanwhile the SVO continued in the lineup.The only induction system on the 1986 5.0 HO was fuel injection, output was 200 hp in the Mustang GT with both the five-speed manual and four-speed automatic. This year real dual exhaust was introduced and now there where two catalytic converters so each engine bank featured its own exhaust right to the tail pipes. The SVO had an output of 200 hp and its turbo four was recalibrated.

The V6 engine option was deleted in 1987, which resulted in the deletion of the expensive SVO. Trim levels were down to just LX and GT, the coupe in LX was only the hatchback and convertible available in both trims. The GT received its own grille-less face, specific taillights, rear spoiler, turbine wheels and urethane side skirts. The LX and GT models also received a new interior that included an improved dashboard that placed all of the instruments in a pod directly in front of the driver. Now even the 2.3-liter, SOHC four-cylinder engine now featured fuel injection and could get 90 hp. The 5.0-liter HO was now updated and could achieve 225 hp regardless of transmission. The 1988 and '89 Mustangs remained basically unchanged from 1987, while the '5.0 Mustang' also remained mechanically unchanged through 1993.

For the 1990 model year Ford was seriously contemplating re-engineering the vehicle to accept a driver-side airbag, but they chose to spend the money and installed the airbag, meanwhile eliminating the tilt steering column in the process. The following year an all-new five-spoke, 16-inch wheel was available on both LX and GT 5.0-liter Mustangs. This model continued on the next year, with only a few 'limited edition' models offered.

In 1993 the Mustang GT and basic Mustang LX remained virtually unchanged. The 5.0-liter engine's output was updated to 205 horsepower and an all-new special-edition Mustang, the SVT Cobra was introduced! Extremely attractive, the SVT Cobra featured 1983 Mustang taillights, the front air dam from the GT, 17-inch wheels and a new grille with the running horse emblem prominently displayed. The 5.0-liter inside the Cobra was updated to achieve 235 horsepower, while the larger wheels, tires and four-wheel disc brakes 'all expanded the other parameters of performance'. Ford was able to sell 114,228 Fox-based Mustangs during this year, even after 15 years in production. A total of 4,993 Cobra's were produced during the '93 model year, while an additional 107 'Cobra R's' were produced. These models were track ready versions of the Cobra that were built without normal luxuries like a backseat or even a radio.

The seventh generation of the Ford Mustang was introduced in 1994 and continued on until 1998. This new Mustang was very obviously influenced by the styling themes of previous Mustangs. The galloping horse was once again placed in the grille, and the side scallop was returned while the taillights were split into three segments, horizontally rather than vertically. The interior featured a twin-pod dashboard that utilized the dashes between '64 ½ and '73. A two-door coupe with a semi-fastback roof and a convertible where the only two body styles offered.

For this year, the Fox platform was thoroughly reinforced, but the basic modified MacPherson strut front and coil sprung solid rear axle remained the same. ABS was optional and four-wheel disc brakes were now used throughout the line. The new convertible featured the drop top, and this was the first Mustang convertible since 1973 that was actually conceived as a convertible and not a conversion. The structure was much stiffer and the car now handled than the previous year's model.

Only two engine options were available for 1994, Base Mustangs received a fuel-injected development of the 3.8-liter Essex V6 rated at 145 horsepower. The GT received an updated version of 5.0-liter V8 with a flatter intake manifold that was rated at 215 horsepower. Both of these engines could be joined to either five-speed manual or four-speed automatic transmissions. The 1994 Mustang GT could be purchased with either 16-inch or 17-inch wheels and tires, and it was found to be the most dependable and best handling Mustang.

The Mustang was picked to pace the Indianapolis 500 for the third time in its history. Ford used its SVT; Special Vehicle Team to create another Cobra version of the Mustang. The end result of the teams effort was a slightly modified GT that featured 17-inch wheels, and due to a set of Ford's 'GT40' cylinder heads and a different intake, a 5.0-liter V8 that produced 240 horsepower. The Cobra was easily recognized by its blistered hood, front fascia with round foglamps, rear spoiler and snake logos on the fenders and in their grilles. The Cobra used to pace the 500 was a convertible, while the Cobra coupe was much more common. In 1994 alone 1,000 Cobra convertibles were sold, while 5,009 Cobra coupes were sold this year.

A big hit, the new Mustang was sold into a market that wasn't the same as it had been in 1965. A total of 123,198 Mustangs were sold during the 1994 model year.

Not many changes were made in 1995 as the concept was basically very fresh and quite popular. A new GTS model was introduced this year, and was basically the Mustang GT's drivetrain in a very plain Mustang shell. Sales were increased to 190,994 units for this year and that included 48,264 convertibles along with another 5,006 SVT Cobras.

For 1996 the 5.0-liter V8 was replaced with Ford's 4.6 liter, SOHC V8 in the Mustang GT. This engine was rated at the same 215 horsepower as the outgoing 5.0. The 4.6 started a whole new trend in Mustang history as the old small-block Ford V8 engine was deleted after 31 years of faithful service. The 3.8-liter V6 was re-rated to 150 horsepower and transmission choices remained the five-speed manual or four-speed automatic.

For 1995 several 250 Cobra R models were introduced, powered by a 5.8-liter version of the Ford small-block V8 that achieved 300 horsepower. Unfortunately they weren't very popular due to the lack of creature comforts like AC, radio and a rear seat.

The following year Ford added new taillights for the Mustang that were divided vertically into three segments. The only other minor update was revised front fender badges on the GT heralding the 4.6 engine. A majorly updated version of the SVT Cobra was introduced in this same year and it came complete with an all-aluminum, DOHC, 32-valve version of the 4.6-liter engine. The hood featured a new bulge to accommodate the tall engine. This SVT Cobra came with 305 horsepower and performed so much better than the previous model, this was the most powerful V8 in a Mustang since the Boss 351 back in 1971. In 1996 Cobra production peaked at 7,496 coupes and 2,510 convertibles.

For the 1997 model year, the Mustang was available in a variety of new colors, and it sported new upholstery and a new security system. A total of 108,344 Mustangs were produced this year, 6,961 of them were Cobra coupes, and 3,088 Cobra convertibles. The Cobra received updated five-spoke wheels, revisions to the 4.6-liter V8 that increased output to 225 horsepower.

The 1998 Mustang was basically a carryover, and sales increased nicely to a total of 175,522 produced for the year. Out of that amount, 5,174 of those were Cobra coupes and 3,480 Cobra convertibles.

For 1999 the Mustang entered into its eighth generation of production and to celebrate, received an updated front and rear fascia along with new sharply creased fenders. A new 'corral' was also added around the galloping horse in the Mustang's grille. The interior and chassis basically remained the same; the only big change for this year was that all 1999 Mustangs received special 35th anniversary badges on their front fenders. Horsepower ratings were largely increased though for this year as significant revisions were made to both the base Mustang's 3.8-liter V6 and the GT's 4.6-liter V8. The V6 was now capable of 190 horsepower while the V8 was at an impressive 260. The five-speed manual or four-speed automatic transmission options remained the same.

The updated Cobra was intended to be the pride and joy for the Mustang in 1999. The first independent rear suspension was utilized for the first time on a Mustang, and it was basically a trailing arm system that incorporated lightweight aluminum control arms that rode in its individual cradle, which bolted in place of the solid rear axle still used on other Mustangs. The rear suspension was now in great shape, but unfortunately the updated 4.6-liter, DOHC, 32-valve V8 was originally rated at 320 hp but many owners found that their engines often made less than 300 hp. Cobra owners posted a class-action suit and demanded refunds or new engines, and Ford scrambled desperately to satisfy their customers. Cobra production was suspended during the 2000 model year, only a total of 8.095 Cobra's were produced in 1999 and only 454 for 2000.

For 2000, the Mustang remained mostly the same except for the addition of new fender badges. Powered by a 5.4-liter, iron-block version of the DOHC, 32-valve engine that rated at an incredible 385 hp, a very small number (300) of 'Cobra R' models were introduced this year. They came very basic, and very pricey, with a hefty pricetag of $55,845, and lacking any comforts like AC, or a backseat, surprisingly, these models sold out immediately. 2000 was a great year for the Mustang, and a total of 215,393 units were sold.

2001, the Cobra returned! Also new this year was Mustang's attempt at a bit of nostalgia with its special 'Bullitt' edition Mustang GT coupe that was designed to evoke memories of the 1968 Mustang driven by Steve McQueen in the film of the same name. Based on the regular GT, the Bullitt featured a lowered suspension, new five-spoke wheels, and a fuel-filler door designed to look similar to an aircraft's. The interior of the Bullitt featured special upholstery and unique graphics on the instrumentation, an aluminum ball shift knob and aluminum-finished pedals, all reminiscent of the '68 GT. The engine could achieve 265 hp and featured a large throttle body. The Bullitt could be purchased in blue, black or dark green. A fabulous success, all 5,000 models were sold immediately.

For 2002 the popular wheels from the Bullitt made its way to the options list for the regular Mustang, but this was the only change for this year. The following year, a much more powerful Cobra was introduced, along with an all-new limited edition Mach 1 model. Pumping out an astonishing 390 hp, the new Cobra utilized a supercharged version of the 4.6-liter, DOHC, 32-valve V8. This baby was the quickest and fastest Mustang EVER built by Ford.

The new Mach 1 introduced in 2002 was basically mechanically identical to the '98 Cobra in specification. It did use a normally aspirated version of the 4.6-liter, DOHC engine that was now rated at 305 hp, a solid rear axle and five-speed manual transmission. The 'Shaker' hood scoop returned on the Mach 1. Other features were a flat, black painted hood and 17-inch versions of the Magnum 500 wheels from the 1960's.

For 2004 the Mustang celebrated 40 years of production and placed a 40th anniversary badge on each '04 Mustang. An Anniversary package could be bought, and it included beige stripes, crimson paint, beige wheels and monogrammed floor mats. Ford introduced a completely redesigned Mustang at the 2004 North American International Auto Show, dubbed 'S-197'. Based on an all-new D2C platform, the 'S-197' was developed under the direction of Chief Engineer Hau Thai-Tang and exterior styling designer Sid Ramnarace.

2005 heralded the ninth generation of the Ford Mustang, and the all-new Mustang debuted first as a concept. Finally the Fox platform was put to bed and replaced with the DEW98 platform that was already being used for the Lincoln LS and the Thunderbird. Wanting to pay tribute to the many classic models in its history, the new Mustang featured the side sculpting, the fastback roofline and taillights, reminiscent of the '65 Mustang, while the canted nose with its large grille and round headlights was much like the '67 to '69 Mustangs.

The interior of the '05 Mustang was also very similar to the old model, with a dual-hooded dash with optional aluminum accent panels it was much like the '67-'68 Mustang. The big speedo and tach, round steering wheel hub and circular air vents were also reminiscent to old models. The backlighting was changeable and at the simple press of a button could be changed from white, blue, green to orange hues. The seating in the Mustang was now switched up, going from the 'sitting on an ottoman' seating position, was replaced with a seat where one sits more in, rather than on the seats. The manual gearshifter of the past was now replaced with a remote-linkage setup that puts the stick within easy reach.

The GT featured 300 hp and 315 lb-ft of torque, along the 4.6-liter, all aluminum V8 sports three valves per cylinder along with variable valve timing. The V6 six-shooter can achieve 200 hp, featured 235 lb-ft of torque and came with the option of five-speed manual or four-speed automatic. The GT came with five gears, and the option of either automatic or manual gearbox. The newest Mustang is quite sprightly, mostly due to the new suspension and lighter-weight components, along with repositioned and lighter coil springs. Larger brakes were also added, along with a more stout rear axle with more effective control arms.

This current generation is manufactured at the AutoAlliance International plan in Flat Rock, Michigan.

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